The 2024 A Guide to HMDA Reporting It Right! is now available on the FFIEC's website.  Click here to access the guide.  

RiskExec has recently been updated to include the following enhancements: 2022 Dunn & Bradstreet Data Now Available The Dunn & Bradstreet Business counts data for 2022 has been released and is now available in RiskExec. Fair Lending Module Protected Class Variables Users now have the ability to specify the protected classes to be evaluated in […]

What is 1071? Congress directed the Consumer Financial Protection Bureau (CFPB) to adopt regulations governing the collection of small business lending data under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1071 amends the Equal Credit Opportunity Act (ECOA) under Dodd Frank, to require financial institutions to compile, maintain, and submit specific data […]

RiskExec has recently been updated to include the following enhancements: HMDA ModuleIRS Report The RiskExec HMDA IRS report has been updated to more accurately match the report generated by the CFPB on submitted data. CRA ModuleNew Report: Distribution of Loans Inside Versus Outside the Assessment Area(s) A new Compliance Report has been added to the […]

Fair Lending ProxyWhen setting BISG proxies there is a new option that allows only address data to be proxied. 2 Factor Proportions Test​​​​​​Users now have the ability to drill down into the Positive and Negative record counts in the 2 Factor Proportions Test analysis results. User PermissionsIn the Manage Institutions tab, we have added a […]